# Ecozen Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecozen-solutions-private

- Industry: Renewable Energy
- Headquarters: Pune, India
- Website: www.ecozensolutions.com/
- Total disclosed funding: $18M
- Latest round: Series C (May 2, 2024)
- Investors on record: 11

## About

Ecozen Solutions Private Limited, based in Pune, India, specializes in innovative agricultural technology, providing sustainable solutions to enhance productivity and reduce waste in farming operations.Founded in 2010 in Pune, India, Ecozen Solutions Private Limited focuses on agricultural technology. The company has successfully raised INR 240.00 mn in its latest funding round, Series C, with investors including Coromandel International Ltd. and Dare Ventures. The total amount raised to date is INR 240.00 mn, with a current company valuation of INR 5125.88 mn. Founders Devendra Gupta, Prateek Singhal, and Vivek Pandey have played a critical role in establishing the firm’s strategic direction. Ecozen has executed a total of 18 deals, with the most recent deal occurring on 10 November 2025.Ecozen specializes in innovative agricultural technology, primarily offering three core product lines: the Ecofrost solar cold storage solution, Ecotron solar pump controllers, and Ecozen Solar AC units. The Ecofrost system employs unique Ice Core Technology to preserve perishable goods, significantly reducing waste and extending shelf life, making it ideal for farmers and distributors of flowers and vegetables. The Ecotron solar pump controller optimizes irrigation processes, providing reliable water supply without power outages or maintenance issues, targeting agricultural clients reliant on consistent irrigation for crop production. The Ecozen Solar AC is a hybrid air conditioning unit designed to deliver uninterrupted cooling, catering to both residential and commercial sectors in markets such as Maharashtra and Orissa, India, as well as potential expansions into other regions across Southeast Asia and Africa.In the most recent fiscal year 2023, Ecozen Solutions Private Limited reported a revenue of INR 36,537,670 with an EBITDA of INR 2,030,773.90. Revenue is generated through direct sales of products to end-users, primarily farmers and agricultural businesses, alongside partnerships with retailers and distributors in targeted geographical markets. Transactions involve the sale of Ecofrost units, Ecotron controllers, and Solar AC systems, typically structured as one-time purchases with potential maintenance agreements.In November 2025, Ecozen Solutions Private Limited raised INR 111.6 crore in venture debt funding from new investors UTI International Wealth Creator and Spark Alternative Investment fund. The company plans to utilize this funding to meet immediate capital requirements for aiding business growth. Ecozen is focused on expanding into new geographic regions, particularly targeting markets in Southeast Asia and Africa, while also working on developing new products to enhance its existing offerings.

## Funding rounds

- Series C, May 2, 2024, $2.9M — Dare Ventures, Coromandel International Ltd.
- Series C, Apr 23, 2024, $5M — Nuveen
- Series C, Feb 22, 2023, $1M — Export-Import Bank of India, Caspian Impact Investment Adviser, Omnivore, Nuveen, Triodos Investment Management, IFA Global, Dare Ventures
- Series C, Jun 13, 2022, $2.5M — Caspian Impact Investment Adviser, Triodos Investment Management, Dare Ventures
- Series B, Dec 4, 2019, $2.8M — Sathguru Catalyser Advisors
- Series A, Jul 12, 2019, $1.8M — Caspian Impact Investment Adviser, Omnivore, Hivos
- Series A, Jan 22, 2018, $0.8M — Caspian Impact Investment Adviser, Omnivore
- Series A, Dec 15, 2017, $0.8M — Omnivore, JioGenNext
- Series A, Feb 12, 2015, $0.9M — Omnivore

## Investors

- Omnivore (https://capitalatlas.ai/funds/omnivore) — Series A, Series C
- JioGenNext (https://capitalatlas.ai/funds/jiogennext) — Series A
- Caspian Impact Investment Adviser (https://capitalatlas.ai/funds/caspian-impact-investment-adviser) — Series A, Series C
- Hivos — Series A
- Sathguru Catalyser Advisors (https://capitalatlas.ai/funds/sathguru-catalyser-advisors) — Series B
- Triodos Investment Management (https://capitalatlas.ai/funds/triodos-investment-management) — Series C
- Dare Ventures (https://capitalatlas.ai/funds/dare-ventures) — Series C
- Export-Import Bank of India — Series C
- Nuveen (https://capitalatlas.ai/funds/nuveen) — Series C
- IFA Global — Series C
- Coromandel International Ltd. — Series C